While the COVID-19 pandemic has driven seismic-scale disruption, it has shown that it is possible for people to work anywhere and be productive doing more jobs than ever thought before. Though this has been a positive outcome, companies are still seeking ways to understand the new reality.
Organizations that choose to continue with some level of remote workforce will need to undergo a transformation. It is more complex than simply enabling remote work – companies need to think through the myriad implications from an international corporate, income, social and employment tax perspective. Regardless whether tax is at the table helping to drive this change, or the business is driving change on their own, it will have profound impact across all parts of your tax profile and will require some holistic thinking to plan appropriately for such changes.
In our webcast, we will discuss the issues faced by the chemicals industry, with a key focus on:
- Corporate tax considerations including PE, profit allocation, impact to DEMPE profile and traditional tax planning models
- Individual, social and employment tax issues
- Impacts on value chain